2024-11-07 11:10:48 :
Jindal Steel and Power Company’s second quarter results released live: Jindal Steel and Power Company announced its second quarter results on November 6, 2024, with both revenue and profit declining significantly. The company’s revenue fell 8.46% year-on-year, and its profits fell 37.97%, causing concerns among investors and analysts.
Compared with the previous quarter, Jindal Steel and Power suffered a greater decline, with revenue falling by 17.66% and profit falling by 35.76%. This downturn signals potential challenges to the company’s operating performance and market conditions.
On the positive side, the company’s selling, general and administrative expenses fell 8.96% month-on-month and 11.15% year-on-year. However, this reduction was not enough to offset the overall decline in revenue and profits.
Operating income in this quarter was also affected, falling 30.24% month-on-month and 10.57% year-on-year. This trend points to pressure on corporate profitability and operational efficiency.
Earnings per share (EPS) is $In the second quarter, it was 8.49, a year-on-year decrease of 38.52%. A drop in earnings per share could affect investor sentiment and confidence.
Despite the current challenges, Jindal Steel & Power returned 3.57% last week and 0.87% over the past six months, giving it an impressive year-to-date return of 27.24%. These numbers suggest the company may still have recovery potential.
Jindal Steel and Power currently has a market capitalization of $96,306.23 Crore, a new 52-week high $1,097 minimum $621.6. The range indicates share price volatility, which may be affected by recent quarterly results.
As of November 7, 2024, the 26 analysts covering Jindal Steel & Power were split. Two analysts rate the stock with a strong sell rating, two rate it with a sell rating, four rate it with a hold rating, nine recommend a buy and nine others assign it a strong buy rating. The consensus recommendation remains Buy, indicating that some analysts still see value in the stock despite its recent outperformance.
Jindal Steel & Power Finance Company
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 11213.31 | 13617.84 | -17.66% | 12250.16 | -8.46% |
| Total Selling/General/Administrative Expenses | 275.11 | 302.2 | -8.96% | 309.64 | -11.15% |
| Depreciation/Amortization | 695.96 | 682.92 | +1.91% | 603.68 | +15.29% |
| total operating expenses | 9709.02 | 11461.44 | -15.29% | 10568.16 | -8.13% |
| operating income | 1504.29 | 2156.4 | -30.24% | Chapter 1682 | -10.57% |
| net income before tax | 1213.27 | 1859.05 | -34.74% | 1384.52 | -12.37% |
| net income | 860.9 | 1340.15 | -35.76% | 1387.82 | -37.97% |
| Diluted normalized earnings per share | 8.49 | 13.31 | -36.21% | 13.81 | -38.52% |
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